Dell Special Committee Responds to Carl Icahn's Demand That Dell Pursue Leveraged Recapitalization

The Special Committee of the Board of Directors of Dell Inc.

today issued the following statement in response to a letter it received from Carl Icahn urging that Dell pursue a leveraged recapitalization and pay a $9.00 per share dividend if the agreed going-private transaction at $13.65 per share, which was announced on February 5, 2013, is voted down by shareholders. The text of the letter is attached. “The Special Committee is currently conducting a robust ‘go-shop' process to determine if there are third parties interested in proposing alternative transactions that could be superior for Dell's public shareholders to the going-private transaction -- and we welcome Carl Icahn and all other interested parties to participate in that process.