Harris Associates L.P. Announces Portfolio Manager Change for the Oakmark International...

Harris Associates L.P. Announces Portfolio Manager Change for the Oakmark
International Small Cap Fund

CHICAGO, June 24 /PRNewswire/ -- Chad Clark, co-portfolio manager of the
Oakmark International Small Cap Fund, has stepped down as co-manager of the
Fund and is leaving Harris Associates L.P. today. David Herro, founding
portfolio manager of the Fund, will remain portfolio manager. Other members
of Harris Associates' International investment team will assume Chad's
research responsibilities.

"It has been a great experience working with Chad throughout the years. He has
been a valued contributor to our success and will be missed," says David
Herro, Portfolio Manager and Chief Investment Officer of International
Equities. "We continue to see great opportunities in today's markets and are
fortunate to have a strong, deep and talented investment team dedicated to
meeting the high expectations of our investors."

The Oakmark International Small Cap Fund's investment philosophy is centered
in the belief that superior, long-term results are achieved through investing
as owners in quality companies that can be purchased at a significant discount
to their true economic value. The Oakmark International Small Cap Fund seeks
capital appreciation by investing in small capitalization companies located
outside of the U.S.

For more information about the Oakmark International Small Cap Fund, please
visit oakmark.com. Prospective investors can purchase shares directly from
Oakmark by visiting oakmark.com or through numerous financial intermediaries'
mutual fund platforms.

ABOUT THE PORTFOLIO MANAGER
David Herro is Portfolio Manager of the Oakmark International Fund, the
Oakmark International Small Cap Fund, and the Oakmark Global Select Fund. He
is also Harris Associates' Chief Investment Officer of International Equities.
David has been managing international portfolios since 1986, previously
serving as portfolio manager for The State of Wisconsin Investment Board and
The Principal Financial Group. David, who joined Harris Associates in 1992,
has an M.A. in Economics from the University of Wisconsin-Milwaukee (1985) and
a B.S. in Business/Economics from the University of Wisconsin-Platteville
(1983). He has over twenty-three years of investment experience and is a CFA
charterholder.

ABOUT THE OAKMARK FUNDS AND HARRIS ASSOCIATES L.P.:
The Oakmark Funds are a $23 billion mutual fund family that utilizes a
long-term value investment approach. Harris Associates L.P., a Chicago-based
investment management firm founded in 1976, serves as the Adviser to The
Oakmark Funds and manages domestic, international and global portfolios for
institutional and high net worth investors worldwide. The Oakmark Funds are
distributed by Harris Associates Securities L.P., member FINRA. For more
information including management fees and expenses and the special risks of
investing, visit oakmark.com or call 1-800-OAKMARK for a prospectus. An
investor should consider a fund's investment objectives, risks, and charges
and expenses carefully before investing. This and other information are
contained in the prospectus.

SOURCE Harris Associates L.P.

Michael Neary, +1-312-621-3806, mneary@oakmark.com, for Harris Associates
L.P.