Apollo Group Inc. to Host Webcast on Fiscal 2001 Fourth Quarter and Year End Results.

Business Editors

PHOENIX--(BUSINESS WIRE)--Oct. 2, 2001

Apollo Group Inc. (Nasdaq: APOL)(Nasdaq: UOPX), will host a webcast to report fiscal 2001 fourth quarter and year end financial results.

    When:   Tuesday, Oct. 9, 2001
            8 a.m. Phoenix Time (11 a.m. Eastern Time)

    Who:    John Sperling, chairman of the board, and
            Todd Nelson, president and CEO

    What:   Apollo Group Inc. (Nasdaq: APOL) (Nasdaq: UOPX) will host
            a webcast to announce fiscal 2001 fourth quarter and year
            end financial results.

    How:    Visit the webcast link at www.apollogrp.edu to listen to
            the live broadcast on the day of the event. If you are
            unable to listen to the webcast live, a replay will be
            available until the 16th of October following the call's
            conclusion. This service can be accessed through the
            company's website or by calling 858/812-6440 and entering
            the code: "19793163."