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APOL News Apollo Group, Inc. Announces Timing of Fiscal 2006 Fourth Quarter and Year End Earnings Release

PHOENIX--(BUSINESS WIRE)--Apollo Group, Inc. (Nasdaq:APOL) will issue a press release announcing Fiscal 2006 unaudited fourth quarter and year end results before market on October 18, 2006. The financial results will exclude the possible impact of any accounting changes related to the Company’s ongoing review of its historic stock option grants. The company will also hold a conference call to discuss the fourth quarter and year end results on:

                         October 18, 2006
                      8:00 A.M. Phoenix Time
                         (11:00 A.M. ET)          Hosting the call from Apollo Group, Inc. will be:
                     Brian Mueller, President                         Dial-In Numbers:
                     877-292-6888 (Domestic)
                   706-634-1393 (International)
                     Conference ID: 8999037(Please dial in at least five minutes prior to the start of the call)

As previously announced, a special committee of independent directors has been formed to oversee the work being performed by attorneys and forensic accountants of the Company’s historical stock option practices. The review is on-going.

Webcast and Replay:

A live webcast of this event may be accessed by visiting the Apollo Group website 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: 8999037
                    (Available until October 31, 2006)

Thank you for your continued interest in Apollo Group, Inc.