Apollo Education Group Announces Board to Explore Strategic Alternatives

Apollo Education Group, Inc.

announced today that the Board of Directors has made the determination to explore strategic alternatives while the Company continues to execute its ongoing business transformation. The Board is currently in discussions that could potentially lead to a change of control of the Company. The Board believes that these actions will support and accelerate Apollo's strategic initiatives, which include the continued growth and investment in Apollo Global and the continuation of the University of Phoenix's transformation plan to further enhance student outcomes and provide outstanding, career relevant higher education for working adults. The Company has retained Barclays and Credit Suisse as financial advisors and Sullivan & Cromwell as legal advisor. There