IBM Board Approves Regular Quarterly Cash Dividend

IBM
                  The IBM (NYSE: IBM) board of directors today declared a regular quarterly cash
dividend of $.40 per common share, payable September 10, 2007 to stockholders of
record August 10, 2007. With the payment of the September 10 dividend, IBM will
have paid 367 consecutive quarterly dividends, starting in 1916.

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IBM
John Bukovinsky, 914/499-6212
[e-mail]
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