Apollo Group Inc. Announces Expansion Into Oklahoma and British Columbia and the Approval of Three Degree Programs; Obtains State Licensure in Maryland.

PHOENIX--(BUSINESS WIRE)--June 10, 1998-- Apollo Group Inc. (NASDAQ:APOL) Wednesday announced that its wholly owned subsidiary, the University of Phoenix (UOP), received approval from its accrediting body, the North Central Association of Colleges and Schools (NCA), to operate in Oklahoma and British Columbia.

UOP plans to open two new campuses in Oklahoma City and Tulsa, Oklahoma and one new campus in Vancouver, B.C. this fall. NCA also approved the University of Phoenix's Information Technology, Human Services, and Health Services undergraduate degrees that will be offered at UOP campuses as early as this summer.

In addition, the company announced that it received state licensure in Maryland and is seeking NCA approval prior to opening a new location.

Dr. John G. Sperling, chairman and chief executive officer commented, "The Oklahoma and British Columbia markets are very attractive to UOP and, based on our experiences with campuses we've recently opened in new markets, we believe we will be able to meet the increasing need for quality, affordable higher education designed for the working adult student.

"We are excited to have received state licensure in Maryland which will be our first campus in the Northeast for UOP."

Dr. Sperling continued, "The approval of the additional degree programs will further enable UOP to offer programs of study to individuals interested in the Information Technology field, as well as Human Services and Health Services.

Apollo Group Inc. remains committed to the expansion of its network of campuses and learning centers and the addition of new programs and services available electronically through UOP's Online and distance education campuses."

Apollo Group Inc., through its subsidiaries the University of Phoenix Inc., the Institute for Professional Development, the College for Financial Planning and Western International University Inc., is one of the largest providers of higher education programs for working adults in the United States, with total degree-seeking enrollment of approximately 66,000 students.

Educational programs and services are currently offered at more than 110 campuses and learning centers in 32 states, Puerto Rico and London, England.

For more information about Apollo Group Inc. and its subsidiaries, call 800/990-APOL or visit Apollo on the World Wide Web at http://www.apollogrp.com.

Note to Editors: This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. This information may involve risk and uncertainties that could cause actual results to differ materially from the forward-looking statements.

CONTACT: Apollo Group Inc., Phoenix

Todd S. Nelson, 800/990-APOL

email: [e-mail]

Janess Pasinski, 800/990-APOL (Investors)

email: [e-mail]

http://www.apollogrp.edu

http://www.uophx.edu

http://www.ipd.org

http://www.fp.edu

http://www.wintu.edu

or

Morgen-Walke Associates Inc.

Donna N. Stein, 212/850-5600

Carol Lehrman or Sheryl Seapy, 415/296-7383 (Media)