[February 20, 2013]

Greenlight Capital Announces February 21 Conference Call and Webcast to Discuss Apple's Capital Allocation Strategy and Alternatives

Greenlight Capital, Inc. ("Greenlight"), a value oriented, research-driven investment management firm, today announced that it will host a public conference call and webcast to discuss Apple (News - Alert) Inc.'s (NasdaqGS: AAPL) capital allocation strategy and Greenlight's proposal to unlock significant value for all shareholders. Greenlight continues to ask shareholders to vote AGAINST Proposal 2 in Apple's proxy, which would eliminate preferred stock from Apple's charter and restrict the Board's flexibility on capital allocation decisions. On the call, Greenlight will provde additional details regarding the options available to Apple, including the merits of Greenlight's suggestion of distributing perpetual preferred stock to Apple shareholders for free.

The conference call and webcast will take place on February 21, 2013 at 2:00 p.m. Eastern. The conference call may be accessed by dialing 1-800-901-5241 (U.S. callers) or 1-617-786-2963 (International callers) and entering the passcode 62063868#. Those who intend to participate in the call should dial in at least 20 minutes in advance. A replay of the call will be available through March 6, 2013 by dialing 1-888-286-8010 (U.S. callers) or 1-617-801-6888 (International callers) and entering the passcode 45128663#. The webcast can be accessed by visiting www.media-server.com/m/p/aj2p6kq7.

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