[Title] Achieve. Grow. Build.

2 Certain statements contained in this presentation concerning DeVry’s future performance, including those statements concerning DeVry’s expectations or plans, may constitute forward-looking statements subject to the Safe Harbor Provision of the Private Securities Litigation Reform Act of These forward-looking statements generally can be identified by phrases such as DeVry Inc. or its management “believes,” “expects,” “anticipates,” “foresees,” “forecasts,” “estimates” or other words or phrases of similar import. Actual results may differ materially from those projected or implied by these forward-looking statements. Potential risks, uncertainties and other factors that could cause results to differ are described more fully in Item 1A, “Risk Factors,” in DeVry’s most recent Annual Report on Form 10-K for the year ending June 30, 2012 and filed with the Securities and Exchange Commission on August 28, Achieve. Grow. Build

3  Business,Technology & Management International, K-12 and Professional Education International, K-12 and Professional Education Medical & Healthcare

4 2/3 of all jobs require a degree Thesis on Education Sector Growing need for career-oriented education

5 Cost to Taxpayers Source: Robert J. Shapiro and Nam D. Phan, Sonecon, September 2010.

6 Revenue: 10-Year History (in millions)

7 Net Income: 10-Year History (in millions)

8 FY13 First Quarter Results RevenueNet Income 1 st Three Months FY12FY13FY12FY13

9 Diversification Business Technology Healthcare Associate Bachelor’s Master’s Doctoral International U.S.

10 Thesis on DeVry Quality Diversification + Growth =

11 Student Outcomes / Six-session average ending February 2012; excludes graduates continuing their education, foreign graduates ineligible to work in the U.S./Canada and those unable to accept career advising assistance, Excludes graduates who actively pursued employment for less than 180 days and did not become employed. Information presented is based on graduate-provided data.

12 1. Organic Investments 2. Grow Core 3. Diversify beyond Core 4. Dividends & Share Repurchases Capital Allocation

Achieve. Grow. Build.