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IBM Board Approves Regular Quarterly Cash Dividend

Authorizes $4 Billion for Stock Repurchase

ARMONK, NY - 31 Oct 2006: The IBM (NYSE:IBM) board of directors today declared a regular quarterly cash dividend of $.30 per common share, payable December 9, 2006 to stockholders of record November 10, 2006.

With the payment of the December 9 dividend, IBM will have paid 364 consecutive quarterly dividends, starting in 1916.

The board also authorized $4 billion in additional funds for use in its stock repurchase program. This amount is in addition to approximately $2.4 billion for stock repurchase remaining from a prior authorization. With this new approval, IBM now has approximately $6.4 billion for its stock repurchase program. IBM said it will repurchase shares on the open market or in private transactions from time to time, depending on market conditions.

Contact(s) information

Edward Barbini
IBM Media Relations
(914) 499-6565
barbini@us.ibm.com

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