IBM Board Declares Regular Quarterly Cash Dividend

Authorizes Additional $3.5 Billion in Share Repurchases

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ARMONK, N.Y. - 30 Oct 2001: The IBM board of directors today declared a regular quarterly cash dividend of $.14 per common share, payable December 10, 2001 to stockholders of record November 9, 2001.

The board of directors also authorized the company to repurchase up to an additional $3.5 billion of IBM common shares. IBM said it plans to buy shares on the open market from time to time, depending on market conditions.

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