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IBM Lease Lets Customers Install Now And Pay Later

Limited Time Offer Gives Customers A Fast Start In 2001

ARMONK, New York - 07 Feb 2001: -- IBM today announced a first-quarter financing incentive designed to help customers get on track fast with new e-business software, networking and storage applications and hardware. IBM Global Financing's Early Installation Financing Payment Deferral promotion provides a 120-day deferral of payments if select new products are installed in February, and a 30-day deferral if the customer chooses to install these products in March.

"With the early installation program, customers have a financial incentive to move their business forward with new technology and applications," said William Doscas, vice president, financial products and sales operations, IBM Global Financing. "They can install earlier and, without impacting their budget, benefit sooner from new information technology investments."

Eligible products include all IBM distributed, one-time charge software, including Lotus and Tivoli products and IBM middleware, such as WebSphere and data management Database products. Hardware products include all IBM storage, printer and networking products.

Software product early installation incentives are available in North America and worldwide in selected countries in which IBM Global Financing operates. Hardware product installation incentives are available in North America and Latin America and vary by product in other geographies.

About IBM Global Financing

As the largest information technology financier in the world, IBM Global Financing offers customers in more than 40 countries leasing and financing solutions for hardware, software and services acquired from IBM and other vendors. With more than $46 billion in annual financing originations in 2000, IBM Global Financing also provides flexible commercial financing for inventory, accounts receivable and acquisitions. In the United States, IBM Global Financing customers are served by IBM Credit Corporation. Visit the IBM Global Financing home page at http:///www.ibm.com/financing.

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Contact(s) information

J. Timothy Ohsann
IBM
(914) 765-6647
ohsann@us.ibm.com

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Global Financing
Hardware leasing, software and services financing, commercial financing, inventory, accounts receivable, term loans, acquisition financing