IBM Board Approves Quarterly Cash Dividend

IBM
                  The IBM (NYSE: IBM) board of directors today declared a regular quarterly cash
dividend of $0.50 per common share, payable December 10, 2008, to stockholders
of record November 10, 2008.

With this payment of the December 10 dividend, IBM will have paid 372
consecutive quarterly dividends, starting in 1916.

Contact: IBM
Douglas Shelton, 914/499-6533
[e-mail]