Starboard Delivers Letter to AOL Board; Nominates a Slate of Candidates for Election at the 2012 Annual Meeting

Starboard Value LP, one of the largest shareholders of AOL Inc.

with current ownership of approximately 5.2% of the outstanding shares, today announced that it has delivered a letter to the Company's Board of Directors and has nominated a slate of highly qualified candidates for election to the AOL Board at the Company's 2012 Annual Meeting.