Apollo Group Inc. to Webcast Shareholders Meeting.

PHOENIX -- Apollo Group Inc. (Nasdaq:APOL) will webcast its 2006 Annual Shareholder Meeting live on the Internet beginning at 9 a.m. Mountain time (11 a.m. Eastern) on Wednesday, Jan. 25, 2006.

To listen to the meeting, go to www.apollogrp.edu for the webcast. A replay of the webcast will be available on the company's Web site until Feb. 28, 2006.

Apollo Group Inc. has been providing higher education programs to working adults for almost 30 years. Apollo Group Inc. operates through its subsidiaries: The University of Phoenix Inc., Institute for Professional Development, The College for Financial Planning Institutes Corp. and Western International University Inc. The consolidated enrollment in its educational programs makes it the largest private institution of higher education in the United States. It offers educational programs and services at 95 campuses and 153 learning centers in 39 states, Puerto Rico, Alberta, British Columbia, the Netherlands and Mexico.

For more information about Apollo Group Inc. and its subsidiaries, call 800-990-APOL or visit Apollo on the company Web site at: www.apollogrp.edu.

During the webcast of the 2006 Shareholder Meeting, Apollo Group may make forward-looking statements about management's goals, plans and expectations. These forward-looking statements are based on estimates, projections, beliefs and assumptions of Apollo Group Inc. and its management and speak only as of the date made and are not guarantees of future performance. Apollo Group Inc. undertakes no obligation to publicly update or revise any forward-looking statements, or any facts, events or circumstances after the date hereof that may bear upon forward-looking statements. Investors are advised, however, to consult any further disclosures Apollo Group Inc. makes in its reports filed with the Securities and Exchange Commission.