Apollo Group, Inc. Announces Expansion Into Oklahoma and British Columbia and the Approval of Three Degree Programs -- Obtains State Licensure in Maryland

Phoenix, Arizona, June 10, 1998 -- Apollo Group, Inc. (Nasdaq:APOL) today announced that its wholly owned subsidiary, the University of Phoenix (University of Phoenix), received approval from its accrediting body, the North Central Association of Colleges and Schools (NCA), to operate in Oklahoma and British Columbia. University of Phoenix plans to open two new campuses in Oklahoma City and Tulsa, Oklahoma and one new campus in Vancouver, B.C. this fall. NCA also approved the University of Phoenix’s Information Technology, Human Services, and Health Services undergraduate degrees that will be offered at University of Phoenix campuses as early as this summer. In addition, the Company announced that it received state licensure in Maryland and is seeking NCA approval prior to opening a new location.

Dr. John G. Sperling, Chairman and CEO commented, "The Oklahoma and British Columbia markets are very attractive to University of Phoenix and, based on our experiences with campuses we’ve recently opened in new markets, we believe we will be able to meet the increasing need for quality, affordable higher education designed for the working adult student. We are excited to have received state licensure in Maryland which will be our first campus in the Northeast for University of Phoenix."

Dr. Sperling continued, "The approval of the additional degree programs will further enable University of Phoenix to offer programs of study to individuals interested in the Information Technology field, as well as Human Services and Health Services. Apollo Group, Inc. remains committed to the expansion of its network of campuses and learning centers and the addition of new programs and services available electronically through University of Phoenix’s Online and distance education campuses."

Apollo Group, Inc., through its subsidiaries the University of Phoenix, Inc., the Institute for Professional Development, the College for Financial Planning and Western International University, Inc., is one of the largest providers of higher education programs for working adults in the United States, with total degree-seeking enrollment of approximately 66,000 students. Educational programs and services are currently offered at more than 110 campuses and learning centers in 32 states, Puerto Rico and London, England.

For more information about Apollo Group, Inc. and its subsidiaries, call 1-800-990-APOL.

This press release includes statements which may constitute forward-looking statements made pursuant to the safe harbor provision of the Private Securities Litigation Reform Act of 1995. This information may involve risk and uncertainties that could cause actual results to differ materially from the forward-looking statements.