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IBM Offers Customers the 'Power to Choose'

New Payment Offerings Provide Flexibility, One-Stop IT Shopping

ARMONK, N.Y. - 24 Jul 2003: IBM today announced a new offering that allows qualified customers to choose between making lower payments with reduced financing rates or deferring all payments at no charge until 2004. No interest is charged during the deferral and standard financing rates apply when payments begin. The 'Power to Choose' offering is available for a broad range of IBM hardware, software* and services*.

"Many companies today are faced with the difficult challenge of upgrading and expanding their e-business infrastructure while trying to limit expenses," said Mark Loughridge, IBM senior vice president and general manager, IBM Global Financing. "IBM has broken new ground with this offering, giving customers the flexibility to acquire what they need to grow their business while providing aggressive financing to help manage budgets. We're making it simpler and more affordable to acquire cutting-edge technology that can drive a faster return on the customer's investment."

IBM's 'Power to Choose' financing offering is available to qualified customers across a wide range of IBM hardware, including iSeries, xSeries and pSeries eServers, TotalStorage, PCs, Store Systems, Printing Systems and software and services. The offering ends September 30 in the United States, Canada and the Asia Pacific region.

Also under the 'Power to Choose' umbrella in the Asia Pacific region, IBM Global Financing's Preferred Rate Financing keystone offering continues to be available; in addition, with the new IBM iSeries eServer 6xx, Sxx and 7xx Enhanced Upgrade Promotion announced for this quarter, IBM Global Financing offers an interest-free lease payment deferral until 2004 on 6xx, Sxx and 7xx to 8xx iSeries eServer upgrades, which is then followed by Preferred Rate Financing for these iSeries eServer customers.

Additional details on eligible IBM products and particular offerings are available from selected IBM Business Partners, IBM client representatives or at www.ibm.com/financing.

Contact(s) information

J. Timothy Ohsann
IBM Media Relations
(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