Apollo Group Inc. Announces Timing of Fiscal 2005 Second Quarter Earnings Release.

PHOENIX -- Apollo Group Inc. (Nasdaq:APOL) will issue a press release announcing Fiscal 2005 second quarter results before market on March 29, 2005. The company will also hold a conference call to discuss these results on:

Tuesday, March 29, 2005
                          9 a.m. Phoenix Time
                             (11 a.m. ET)
            Hosting the call from Apollo Group Inc. will be:
                   Todd S. Nelson, Chairman and CEO

                           Dial-In Numbers:
                        877-292-6888 (Domestic)
                     706-634-1393 (International)
                        Conference ID: 3293327
 (Please dial in at least five minutes prior to the start of the call)

Webcast and Replay:

A live webcast of this event may be accessed by visiting the Apollo Group Web site at: www.apollogrp.edu.

A webcast replay will be available approximately one hour following the conclusion of the call at the same link.

Telephone Replay:

A telephone replay will be available approximately two hours following the conclusion of the call by dialing:

800-642-1687 (Domestic)
                     706-645-9291 (International)
                        Conference ID: 3293327
                   (Available until April 15, 2005)

Thank you for your continued interest in Apollo Group Inc.