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IBM Board Declares Regular Quarterly Cash Dividend


ARMONK, N.Y. - 28 Oct 2003: The IBM Board of Directors today declared a regular quarterly cash dividend of $.16 per common share, payable December 10, 2003 to stockholders of record November 10, 2003.

The Board also authorized up to $3.5 billion in additional funds for use in its repurchase program. IBM said it will repurchase shares on the open market from time to time, depending on market conditions.

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Contact(s) information

Joseph Stunkard
IBM Media Relations
(914) 499-6212
stunkard@us.ibm.com

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